Welcome to REX
The one and only utility NFT for renewable energy generation and production
A Renewable Energy Credit (REC) — also sometimes referred to as a renewable energy certificate — is a way to represent your investment in renewable energy. Buying RECs is not the same as purchasing electricity, paying a power bill, or investing in a cleantech startup. RECs are a way to directly fund renewable energy that will be used in the electric grid. When you buy a REX NFT you are directly funding the generation of clean renewable energy. A REC is created for each megawatt-hour (1 MWh, or 1000 kilowatt-hours) of renewable electricity generated and delivered to the power grid. This helps us all leave less of a carbon footprint. Historically, RECs have primarily been purchased by corporations to offset their carbon emissions. We are lowering the barriers to entry and creating a consumer based market for RECs by tokenizing them as NFTs. Welcome to REX NFT.